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Level 2
posted Oct 29, 2019 9:40:02 PM

Should I include a portion of the furnace, air conditioner and water heater rental and buyout cost in the rental expense?

I rented out my basement, and I also rented furnace/AC/water heater from a company (I paid $150+ monthly). Later, I bought them out for $14k. Should I include a portion of the HVAC rental and buyout cost in the rental expense?

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1 Best answer
New Member
Oct 29, 2019 9:40:03 PM

Thank you for your question. Yes you can fill in  T776 section B if your requesting CCA. Otherwise you will need to fill in 9923 at the bottom of the page.

1 Replies
New Member
Oct 29, 2019 9:40:03 PM

Thank you for your question. Yes you can fill in  T776 section B if your requesting CCA. Otherwise you will need to fill in 9923 at the bottom of the page.